Smart Ways Your Business Can Benefit From Online Auctions > NetSparsh

Home
>
Online Auction
>
Smart Ways Your Business Can Benefit From Online Auctions

Smart Ways Your Business Can Benefit From Online Auctions

It seems as if everyone is talking about online auctions. And why not. There are thousands of online auctions on the internet with more popping up everyday. People love them because they can usually find great bargains. Businesses are now also seeing the benefits of online auctions. Below are five ways your business can benefit from online auctions.

1. Get Rid Of Excess Inventory

You could sell your excess or discontinued products at an online auction. Your unsold inventory is doing you no good sitting around, collecting dust. It's an effective way to make extra income and it won't be a total loss for your business. You could even get lucky and make a profit depending on how much people will bid for your excess inventory.

2. Test Pricing For New Products

An easy way to test new product prices is to see what people will bid for them at an online auction. First, sell your product at three different online auctions. Next, calculate the average selling bid from all three auctions and that will be your selling price for your new product.

3. Sell Your Products

You can get your product in front of a large audience by selling it at an online auction. Some of the bigger auction sites draw over millions of hits a year. The key to being successful is to sell your product at multiple online auctions at the same time. Let's say you sold one product a day from just one auction site. If you sell your product at one hundred online auction sites that would be one hundred sales a day!

4. Start Your Own Online Auction

Drive traffic to your web site by starting your own online auction. People will visit your web site to find bargains and to sell their own products. You will get plenty of repeat visitors from people rebidding on products and adding new products to sell. You could also charge other businesses to advertise on your web site.

5. Lower Your Business Costs

You can find lower prices on business supplies and equipment at online auctions. I'm not saying all the time, but before you go pay retail for a new printer try bidding on one first. A company may be selling them at a lower price at an online auction because they have excess inventory.

---------------------------------------------------------
Julia Tang publishes "Smart Online Business Tips", a fresh
and informative newsletter dedicated to supporting people
like you. To find out the best online business opportunities,
to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
----------------------------------------------------------

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Architectural Digest
On a Budget? You Really Need to Be Shopping Online Auctions
Architectural Digest
There's no denying the excitement of a live auction: the auctioneer's spitfire commentary, the thwack of the gavel, the thrill of raising your paddle and (omg!) winning the bid. It's as much about the experience as getting the goods. Online auctions ...

MyTwinTiers.com
One giant sale: Neil Armstrong's collection goes to auction
MyTwinTiers.com
The personal collection of Armstrong, who died in his native Ohio in 2012, will be offered for sale in a series of auctions handled by Dallas-based Heritage Auctions , beginning Nov. 1-2 and continuing in May and November 2019. The collection includes ...
Neil Armstrong's collection of space artifacts goes up for auctionEngadget

all 160 news articles »

CoinDesk
Financial Exchange Thinks Blockchain Can Keep Online Auctions Fair
CoinDesk
A state-backed financial asset exchange in China's Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual ...

Wall Street Journal
Mexico business group unhappy about delay in oil auctions
Reuters
MEXICO CITY (Reuters) - A decision to delay Mexican oil auctions until after the next president takes office does not augur well for opening the country's energy sector to private investment, the head of a major business association said on Thursday.
Mexico Postpones Oil Auctions Until Lopez Obrador Takes OfficeWall Street Journal
Mexico postpones auction rounds so incoming Lopez Obrador administration can review termsS&P Global Platts

all 122 news articles »

NY1
Lawmaker responds to NY1 report on recalled cars sold at city auctions
NY1
Cars with dangerous recalls are being sold at city-run auctions to the highest bidder. The city is taking advantage of the used car loophole which doesn't require used car sellers to disclose if a car has a recall. In May, we went to a city run auction ...

The Drive
'Ferris Bueller's Day Off' Ferrari Going to Auction - The Drive
The Drive
Spoiler: The movie car was only a replica Ferrari, but we don't care, and we suspect you don't either.

and more »

collectSPACE.com
First moonwalker Neil Armstrong's memorabilia heads to auction
collectSPACE.com
The family of the late Neil Armstrong has turned to Heritage Auctions of Dallas to sell more than 2,000 items from the astronaut's estate. An initial offering from the Armstrong Family Collection, as Heritage is referring to the archive, will debut for ...

and more »

Wisconsin State Farmer
Auction calendar: July 20, 2018
Wisconsin State Farmer
Closing Out Farm Auction. Combine, Semi & Grain Trailer, Machinery, Yamaha 4-Wheeler, Tools & More for LD Farms, Inc. Doug Blume. Located on Rt. 45. Visit www.bauerauction.com. Sale Conducted by Bauer Auction, LLC. Windsor, IL. Withee, WI.

Maryville Daily Times
Murrell Brothers Tires auctions real estate, equipment
Maryville Daily Times
Furrow Auction Co. auctioneer Will Waugh accepts a bid during the general auction at Murrell Brothers Tire Center on Thursday on East Broadway Avenue in Maryville. The auctioneers liquidated Murrell Brothers Tire's tools and equipment after Jim and Bob ...

Gillette is banking some big bucks through online auctions
Gillette News Record
The city of Gillette has made more than $372,000 in online auctions since implementing a new protocol for selling old equipment. The city started to sell stuff online in 2017 and has since hosted four auctions. Some of the items the city has sold range ...

Google News

Smart Ways Your Business Can Benefit From Online Auctions

Online Auction Online Auction